COWS vs. HACK

Last updated Jun 24, 2026

COWS (Amplify Cash Flow Dividend Leaders ETF) and HACK (Amplify Cybersecurity ETF) are both exchange-traded funds - COWS is a Mid Cap Value Equities fund tracking the Kelly US Cash Flow Dividend Leaders Index, while HACK is a Technology Equities fund tracking the Nasdaq ISE Cyber Security Select Index. Both are passively managed. Over the past year, COWS returned 27.27% vs 14.12% for HACK. At a 0.48 correlation, their price movements are largely independent. COWS charges 0.00%/yr vs 0.60%/yr for HACK.

Performance

COWS vs. HACK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cash Flow Dividend Leaders ETF (COWS) and Amplify Cybersecurity ETF (HACK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWS achieves a 8.83% return, which is significantly lower than HACK's 19.40% return.

COWS

• 1D: 0.40%
• 1M: 2.83%
• YTD: 8.83%
• 6M: 8.14%
• 1Y: 27.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HACK

• 1D: 1.24%
• 1M: 1.17%
• YTD: 19.40%
• 6M: 17.34%
• 1Y: 14.12%
• 3Y*: 25.16%
• 5Y*: 9.42%
• 10Y*: 15.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COWS vs. HACK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COWS Amplify Cash Flow Dividend Leaders ETF	8.83%	15.29%	11.08%	9.31%
HACK Amplify Cybersecurity ETF	19.40%	7.97%	23.49%	14.74%

Correlation

The correlation between COWS and HACK is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.48

COWS vs. HACK - Sectors Allocation Comparison

Sectors	COWS	HACK
Technology	24.3%	92.7%
Industrials	22.9%	7.2%
Financial Services	15.8%	0.1%
Consumer Cyclical	9.7%	-
Healthcare	7.7%	-
Energy	6.9%	-
Communication Services	4.1%	-
Basic Materials	3.4%	-
Consumer Defensive	2.8%	-
Utilities	2.2%	-
Real Estate	-	-

Return for Risk

COWS vs. HACK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COWS

COWS Risk / Return Rank: 62
COWS Sharpe Ratio Rank: 52
COWS Sortino Ratio Rank: 54
COWS Omega Ratio Rank: 49
COWS Calmar Ratio Rank: 83
COWS Martin Ratio Rank: 73

HACK

HACK Risk / Return Rank: 17
HACK Sharpe Ratio Rank: 17
HACK Sortino Ratio Rank: 17
HACK Omega Ratio Rank: 17
HACK Calmar Ratio Rank: 17
HACK Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COWS vs. HACK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow Dividend Leaders ETF (COWS) and Amplify Cybersecurity ETF (HACK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COWS	HACK	Difference
Sharpe ratio: Return per unit of total volatility	1.67	0.55	+1.12
Sortino ratio: Return per unit of downside risk	2.46	0.90	+1.56
Omega ratio: Gain probability vs. loss probability	1.29	1.11	+0.18
Calmar ratio: Return relative to maximum drawdown	4.26	0.69	+3.57
Martin ratio: Return relative to average drawdown	12.80	1.61	+11.20

COWS vs. HACK - Sharpe Ratio Comparison

The current COWS Sharpe Ratio is 1.67, which is higher than the HACK Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of COWS and HACK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COWS vs. HACK - Drawdown Comparison

The maximum COWS drawdown since its inception was -24.76%, smaller than the maximum HACK drawdown of -42.68%. Use the drawdown chart below to compare losses from any high point for COWS and HACK.

Drawdown Indicators

	COWS	HACK	Difference
Max Drawdown Largest peak-to-trough decline	-24.76%	-42.68%	+17.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-20.67%	+14.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.68%	—
Current Drawdown Current decline from peak	-1.66%	-8.93%	+7.27%
Average Drawdown Average peak-to-trough decline	-3.89%	-11.62%	+7.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	8.80%	-6.66%

Volatility

COWS vs. HACK - Volatility Comparison

The current volatility for Amplify Cash Flow Dividend Leaders ETF (COWS) is 4.87%, while Amplify Cybersecurity ETF (HACK) has a volatility of 11.83%. This indicates that COWS experiences smaller price fluctuations and is considered to be less risky than HACK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWS	HACK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	11.83%	-6.96%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	21.94%	-11.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	26.06%	-9.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	24.30%	-5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	23.25%	-4.45%

COWS vs. HACK - Expense Ratio Comparison

COWS has a 0.00% expense ratio, which is lower than HACK's 0.60% expense ratio.

Dividends

COWS vs. HACK - Dividend Comparison

COWS's dividend yield for the trailing twelve months is around 1.61%, more than HACK's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWS Amplify Cash Flow Dividend Leaders ETF	1.61%	2.04%	2.08%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HACK Amplify Cybersecurity ETF	0.06%	0.07%	0.14%	0.20%	0.24%	0.26%	1.11%	0.14%	0.09%	0.01%	1.23%

Frequently Asked Questions

Can I hold both COWS and HACK in my portfolio?

COWS and HACK have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COWS or HACK?

HACK has higher volatility (11.83%) compared to COWS (4.87%). In terms of maximum drawdown, COWS dropped -24.76% vs HACK's -42.68%.

Which ETF is better, COWS or HACK?

On 1-year performance, COWS leads with 27.27% vs 14.12% for HACK. On fees, COWS is cheaper at 0.00% per year. On volatility, COWS has been the lower-risk option at 4.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWS or HACK?

Over the 1-year period, COWS has performed better with a 27.27% return vs 14.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWS or HACK?

COWS is cheaper with a 0.00% expense ratio, compared with 0.60% for HACK.

Which ETF pays a higher dividend yield, COWS or HACK?

COWS has the higher dividend yield at 1.61%, compared with 0.06% for HACK.

What is the main difference between COWS and HACK?

COWS is categorized as Mid Cap Value Equities, while HACK is Technology Equities. COWS tracks Kelly US Cash Flow Dividend Leaders Index, while HACK tracks Nasdaq ISE Cyber Security Select Index. Their fees differ too: 0.00% for COWS and 0.60% for HACK.

Which has better risk-adjusted returns?

COWS currently has the higher Sharpe Ratio (1.67 vs 0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.